Day: September 25, 2018

IBM CTO Tells US Congressmen ‘Let’s Get Government Ready for Blockchain’

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IBM and members of the U.S. Congressional Blockchain Caucus discussed the use of blockchain for ID systems, payments, and supply chains during a meeting today, September 24, according to a press call attended by Cointelegraph. IBM recently published a report entitled “The Impact of Blockchain for Government: Insights on Identity, Payments, and Supply Chain” made in collaboration with the U.S. Congressional Blockchain Caucus. The report summarizes a series of roundtable discussions between U.S. Representatives Jared Polis (author of “The Cryptocurrency Tax Fairness Act,” which proposes to abolish crypto taxes below…

Andreessen Horowitz Invests $15 Million in Stablecoin Firm MakerDAO

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American venture capital fund Andreessen Horowitz has invested $15 million into blockchain startup MakerDAO (MKR), according to an announcement published September 24. MakerDAO is the firm which stands behind Ethereum-based stablecoin Dai (DAI) and its accompanying decentralized credit system. DAI is pledged to U.S. dollars but collateralized by Ethereum (ETH). DAI users can generate the stable coin by locking up an excess amount of ETH in a smart contract, so if a user wants to access their collateral, they have to pay back the DAI debt. Per the announcement, Andreessen…

Walmart Requires Certain Produce Suppliers to Deploy Blockchain Technology

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U.S. retail giant Walmart and its division Sam’s Club, a membership-only retail warehouse club, will require suppliers of leafy greens to implement a farm-to-store tracking system based on blockchain tech, Reuters reported September 24. The end-to-end traceability system is based on distributed ledger technology (DLT) developed by computing giant IBM. According to the report, Walmart will require suppliers to implement blockchain tech by September 2019. The company’s Vice President of Food Safety, Frank Yiannas, stated that Walmart will require a similar traceability system “for other fresh fruit and vegetable providers…

ETH Dips Perfect for Bulls Aiming at $300

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Ethereum prices are slowing down. At the back of last week’s eight percent gains, prices are ranging in lower time frames. Even though yesterday was bearish, we expect prices to pick up and sync in line with last week’s gains. However, for activation of long term bulls, prices must close above $300 or week ending Sep 9. Latest Ethereum News No doubt Ethereum is a market leader when it comes to smart contracting and dApp development. Thanks to its pioneer advantage, the platform is a go-to platform for developers and…

Crypto Industry Reps, Lawmakers, Venture Capitalists to Discuss Regulatory Landscape

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Representatives from U.S.-based financial giants and cryptocurrency startups will meet with Washington lawmakers this Tuesday to discuss the regulatory landscape, CNBC reported September 24. The roundtable dubbed “Legislating Certainty for Cryptocurrencies” will reportedly be hosted by Rep. Warren Davidson (R-Ohio). The attendees will address the issue of policy-making regarding the new asset class in the run-up to the introduction of a bill in the House of Representatives by Davidson this fall. In a letter to participants, Davidson reportedly pointed out eight questions for the meeting, saying that “your input is…

Cryptocurrency Prices Highly Correlated to Regulatory Action: BIS Report

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New research has found that, despite the popular idea that cryptocurrencies operate generally outside the reach of national regulators, regulatory actions still have a huge impact on crypto markets. The research is presented in a report by the Bank for International Settlements (BIS), an organisation owned by 60 of the world’s central banks from countries cumulatively making up 95 percent of global GDP. In the report, the data presented shows that while markets do not generally respond to news about central banks creating their own digital currencies or issuing general…

Cardano, Stellar Lumens, EOS, Tron, Litecoin Price Analysis

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Aside from fundamentals, altcoin prices are retracing. But, as history shows, this is normal. Overly, we retain a bullish preview thanks to last week’s revival. Needless to say, risk off traders can ramp up at spot prices with targets at immediate resistance. Let’s have a look at these charts EOS Price Analysis Bancor, the DEX exchange, aims to be the first cross-chain liquidity provider. By expanding and launching BancorX at the fast, scalable and free EOSIO blockchain, investors can from now trade EOS and ETH between the two platforms seamlessly.…